Norges Bank Buys Shares of 147,815 CBIZ, Inc. (NYSE:CBZ)

Norges Bank purchased a new position in CBIZ, Inc. (NYSE:CBZ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 147,815 shares of the business services provider’s stock, valued at approximately $12,096,000. Norges Bank owned about 0.29% of CBIZ at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its position in CBIZ by 1.0% during the fourth quarter. Arizona State Retirement System now owns 13,112 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 125 shares in the last quarter. Corient Private Wealth LLC raised its holdings in CBIZ by 1.4% during the fourth quarter. Corient Private Wealth LLC now owns 9,510 shares of the business services provider’s stock valued at $778,000 after buying an additional 128 shares in the last quarter. Kensington Investment Counsel LLC lifted its position in shares of CBIZ by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 20,211 shares of the business services provider’s stock worth $1,654,000 after buying an additional 132 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of CBIZ by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 2,536 shares of the business services provider’s stock worth $208,000 after acquiring an additional 170 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of CBIZ by 75.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 644 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 276 shares during the last quarter. 87.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CBIZ

In other news, Director Benaree Pratt Wiley sold 6,526 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the transaction, the director now owns 41,759 shares in the company, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.40% of the company’s stock.

CBIZ Price Performance

NYSE CBZ opened at $70.93 on Tuesday. The stock has a 50-day simple moving average of $79.02 and a 200 day simple moving average of $77.13. CBIZ, Inc. has a twelve month low of $62.66 and a twelve month high of $90.13. The stock has a market capitalization of $3.81 billion, a PE ratio of 30.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.49 and a current ratio of 1.49.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of CBIZ in a research report on Thursday, February 27th. StockNews.com downgraded shares of CBIZ from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th.

About CBIZ

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.